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EZ Pawn

2040 Bessemer Road, Birmingham, AL 35208

$315,000

Cap Rate 7.57%

$272,640

Cap Rate 8.75%

Views: 72 DOM: 152 Updated: 07.10.23 Posted: 02.10.23 Status: Sold 07.12.23

Summary

Price $315,000 $272,640
Built/Renov 1979
Tenant EZ Pawn
Cap Rate 7.57% 8.75%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 4,500
Lease Start 05-24-1993
#Units 1,148
Price/SF $70.00 $60.59
Expiration 06-30-2025
Tenant Type General Retail
NOI $23,856
R. Term 0.2
Ownership Fee Simple
Rent/SF $5.30
Increases 0.0%/0/yrs
Pop 5Mi 139,441
Lot/AC 0.33
Options 0/0yrs
AHHI 5Mi $60,917

Eric Carlton
Colliers NNN Group
Contact

Jereme Snyder
Colliers NNN Group
Contact

Lease Highlights

  • EZ Pawn has been operating at this location since 1993
  • Tenant has 2.4 years remaining in its current extension term with no options remaining
  • Tenant pays significantly below market rent at $5.30 PSF ($23,856/year)
  • Absolute NNN lease presents zero landlord responsibilities
  • Corporate guarantee by EZCORP, Inc (NASDAQ: EZPW)

Location Description

The property is well located on US Route 11/Bessemer Rd which runs from Louisiana to New York. The location is on one of Birmingham’s main retail corridors adjacent to national retailers including CVS, McDonald’s, Popeyes, Burger King, Pizza Hut, T-Mobile, Hibbett Sports, Foot Locker, and Wells Fargo. This is also a densely populated area with 70,438 residents in a 3-mile radius and 21,543...

...

Key Features

  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Highway location

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Long operation history

  • Absolute NNN

  • Corporate Guarantee

  • Publicly traded company

    • ...

Links

EZ Pawn Wikipedia Birmingham, Alabama Zip Code 35208 Broker Site Page

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: EZ Pawn
  • Guarantor:Corp Traded
  • Company:EZCORP, Inc
  • # Units:1,148
  • Stock:NASDAQ: EZPW

About Tenant

EZPAWN is the second largest pawn shop operator in the U.S.. The company specializes in offering pawn loans and selling pre-owned goods and musical instruments. They currently operate over 1,148...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,852 61,353 138,944
2023 Total Population : 11,078 62,427 138,700
2023 Employed Civilian Pop : 4,259 24,706 62,857
2023 Total Businesses : 237 1,621 6,761
2023 Average Household Income : $ 48,975 $ 48,645 $ 61,004
2023 Total Consumer Spending : $ 209 M $ 1144 M $ 3247 M
2023 Median Age : 38 40 37
2023 Total Households : 4,849 26,694 60,623
2023 Pop Age 25+: Bachelor's Degree : 788 4,881 16,807
2023 Average Home Value : $ 142,667 $ 158,761 $ 208,150
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bessemer Road Ct R 2020 20,486 0.21 mi
Avenue V 47th St 2021 4,469 0.22 mi
Warrior Road Ave U 2014 8,960 0.22 mi
Avenue W 47th St 2012 12,853 0.31 mi
28th Street Ensley Ave T 2014 12,580 0.48 mi
Warrior Road Ct X 2021 5,499 0.49 mi
Avenue W Madison Ave SW 2021 9,424 0.51 mi
Ensley 5 Points W Avenue 28th StEnsley 2021 14,967 0.55 mi
Ensley 5 Points W Avenue Ct R 2020 14,967 0.55 mi
South Park Drive Southwest 48th Pl Ensley 2020 4,712 0.58 mi

Listing Broker

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